Keywords and phrases: food processing industry, foreign direct investment, economic growth, export performance, multiple regression.
Received: February 17, 2021; Revised: March 1, 2021; Accepted: March 8, 2021; Published: March 22, 2021
How to cite this article: Anupma Kumari and Amisha Gupta, Application of multiple regression model to determine the impact of foreign direct investment and export on economic growth of food processing industry in India, Advances and Applications in Statistics 68(1) (2021), 1-21. DOI: 10.17654/AS068010001
This Open Access Article is Licensed under Creative Commons Attribution 4.0 International License
References:
[1] A. Abraham, O. Ochoche, A. Ogbonna and C. Chris, An econometric investigation of the FDI-economic growth nexus in Nigeria, International Journal of Humanities and Social Science 9(8) (2019), 92-103. doi:10.30845/ijhss.v9n8p12. [2] L. Alfaro, Foreign direct investment and growth: does the sector matte, Working Paper, Harvard Business School, MA, Boston, 2003, pp. 1-31. [3] B. Aitken and A. Harrison, Do domestic firms benefit from direct foreign investment? Evidence from Venezuela, American Economic Review 89(3) (1999), 605-618. [4] Gaurav Agrawal and Mohd. Aamir Khan, Impact of FDI on GDP: a comparative study of China and India, International Journal of Business and Management 6(10) (2011), 71-79. doi:10.5539/ijbm.v6n10p71. [5] E. Borensztein, J. De Geogorie and J.-W. Lee, How does foreign direct investment affect economic growth? Journal of International Economics 45(1) (1998), 115-135. doi: 10.1016/S0022-1996(97)00033-0. [6] Magnus Blomstrom and Ari Kokko, Human capital and inward FDI, CEPR Discussion Paper No. 3762, https://ssrn.com/abstract=387900. [7] Goran Buturac, Davor Mikulić and Petra Palić, Sources of export growth and development of manufacturing industry: empirical evidence from Croatia, Economic Research 32 (2019), 101-127. dpi: 10.1080/1331677X.2018.1550003. [8] Sergio Castello and Anindya Biswas, Foreign direct investment, exports and long term economic growth in Alabama: a co-integration analysis, Arthaniti: Journal of Economic Theory and Practice (2020), 1-9. https://doi.org/10.1177/0976747920906268. [9] R. Caves, Multinational firms, competition and productivity in host-country markets, Economica 41 (1974), 176-193. [10] Jorge Bermejo Carbonell and Richard A. Werner, Does foreign direct investment generate economic growth? a new empirical approach applied to Spain, Economic Geography 94(4) (2018), 425-456. doi: 10.1080/00130095.2017.1393312. [11] S. Djankov and B. M. Hoekman, Foreign investment and productivity growth in Czech enterprises, World Bank Economic Review 14(1) (2000), 49-64. [12] Trang Thi-Huyen Dinh, Duc Hong Vo, Anh The Vo and Thang Cong Nguyen, Foreign direct investment and economic growth in the short run and long run: empirical evidence from developing countries, J. Risk Financial Management 12 (2019), 176. doi: 10.3390/jrfm12040176. [13] G. J. Fraga, L. J. Parre and R. Rodrigues da Silva, Foreign direct investment in Brazil: direct and spatial effects on economic growth, Análise Econômica 34(66) (2016), 35-55. [14] N. Falki, Impact of foreign direct investment on economic growth in Pakistan, International Review of Business Research Papers 5(5) (2009), 110-120. [15] S. Globerman, Foreign direct investment and spillover efficiency benefits in Canadian manufacturing industries, Canadian Journal of Economics 12 (1979), 42-56. [16] Dierk Herzer, How does foreign direct investment really affect developing countries’ growth? Review of International Economics 20(2) (2012), 396-414. [17] J. N. Inekwe, FDI, employment and economic growth in Nigeria, African Development Review 25(4) (2013), 421-433. doi: 10.1111/afdr.v25.4. [18] Stanislav Ivanov and Craig Webster, Measuring the impact of tourism on economic growth, Tourism Economics 13(3) (2007), 379-388. [19] B. Javorcik, Does foreign direct investment increase the productivity of domestic firms? Search of Spillovers through Backward Linkages, American Economic Review 94(3) (2004), 605-627. [20] P. E. Kennedy, A Guide to Econometrics, Basil Blackwell, Oxford, 1986. [21] B. K. Kinuthia, Does Foreign Direct Investment (FDI) accelerate growth? Evidence from Malaysia, International Journal Liability and Scientific Enquiry 3(1/2) (2010), 99-116. doi: 10.1504/IJLSE.2010.031826. [22] K. Kaur and Shelly, Impacts of food processing industry on economic growth, FDI and exports of India, Pacific Business Review International 7(12) (2015), 63-72. [23] D. Mello, Jr, and R. Luiz, Foreign direct investment in developing countries and growth: a selective survey, Journal of Development Studies 34(1) (1997), 1-24. doi: 10.1080/00220389708422501. [24] B. Moussa, I. Amadu, O. Idrissa and B. Abdou, The impact of foreign direct investment on the productivity of manufacturing firms in Cameroon, Journal of Economics and Development Studies 7(1) (2019), 25-34. doi: 10.15640/jeds.v7n1a3. [25] Miao Wang, Manufacturing FDI and economic growth: evidence from Asian economies, Applied Economics 41(8) (2009), 991-1002. doi: 10.1080/00036840601019059. [26] Shiva S. Makki and Agapi Somwaru, Impact of foreign direct investment and trade on economic growth: evidence from developing countries, American Journal of Agricultural Economics 86(3) (2004), 795-801. [27] María del P. Pablo-Romero and Josué De Jesús, Economic growth and energy consumption: the energy-environmental Kuznets curve for Latin America and the Caribbean, Renewable and Sustainable Energy Reviews 60 (2016), 1343-1350. [28] Hieu Huu Nguyen, Impact of foreign direct investment and international trade on economic growth: empirical study in Vietnam, Journal of Asian Finance, Economics and Business 7(3) (2020), 323-331. doi: 10.13106/jafeb.2020. [29] Niels Hermes and Robert Lensink, Foreign direct investment, financial development and economic growth, The Journal of Development Studies 40(1) (2003), 142-163. [30] Zoica Dinca Nicola, Regression model used in analyzing the effect of foreign direct investment on economic growth, International Journal of Academic Research in Accounting, Finance and Management Sciences 6 (2016), 14-20. [31] OECD, Exchange rates (indicator), 2020. doi: 10.1787/037ed317-en (accessed on 30 April 2020). [32] Onicra, Credit Rating Agency, Food Processing Industry in India, 1st ed., [ebook], 2016, pp. 1-25. [33] M. Rais, S. Acharya and N. Sharma, Food processing industry in India: S&T capability, skills and employment opportunities, Journal of Food Processing and Technology 4(260) (2013), 1-13. [34] Argiro Roinioti and Christopher Koroneos, The decomposition of CO2 emissions from energy use in Greece before and during the economic crisis and their decoupling from economic growth, Renewable and Sustainable Energy Reviews 76 (2017), 448-459. [35] Md. Reza Sultanuzzaman, Hongzhong Fan, Mahamud Akash, Banban Wang and Uddin Sarker Md. Shakij, The role of FDI inflows and export on economic growth in Sri Lanka: an ARDL approach, Cogent Economics and Finance 6(1) (2018), 1518116. doi: 10.1080/23322039.2018.1518116. [36] Asma Salman and Hui Xiao Feng, Negative impact of FDI: a co-integrated approach, International Journal of Organizational Innovation 2 (2009), 271-281. [37] Dukhabandhu Sahoo and Maathai K. Mathiyazhagan, Economic growth of India: does foreign direct investment inflow matter? The Singapore Economic Review 44(2) (2003), 151-171. doi.org/10.1142/S0217590803000748. [38] P. Sahoo, G. Nataraj and R. K. Dash, Foreign Direct Investment in South Asia, Policy, Impact, Determinants and Challenges, Springer, New Delhi, 2014. https://doi.org/10.1007/978-81-322-1536-3. [39] Nafeesa Tabassum and Samiul Parvez Ahmed, Foreign direct investment and economic growth: evidence from Bangladesh, International Journal of Economics and Finance 6(1) (2014), 117-135. doi:10.5539/ijef.v6n9p117. [40] Saif ur Rahman and Nor’Aznin Abu Bakar, Manufacturing sector in Pakistan: a comprehensive review for the future growth and development, Pakistan Journal of Humanities and Social Sciences 7(1) (2019), 77-91. [41] Zhenhui Xu, Financial development, Investment, and economic growth, Economic Inquiry 38 (2000), 331-344. 10.1093/ei/38.2.331. [42] Kevin Zhang, How does foreign direct investment affect industrial competitiveness? Evidence from China, China Economic Review 30 (2014), 530-539. 10.1016/j.chieco.2013.08.003. [43] Khun Sokang, The impact of foreign direct investment on the economic growth in Cambodia: empirical evidence, International Journal of Innovation and Economic Development 4(5) (2018), 31-38.
|